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FIR
Is registering an FIR necessary? Can Police say No to file an FIR?
By sakshi jaiswal  |  07 Dec 2016  | Upvotes: 0  | 
Ravindra Purohit
Advocate

Yes, registering of an FIR is necessary in case an offence has been committed and you are reporting the offence at the concerned Police Station.If you are reporting a cognisable crime and the police refuse to register your FIR, you can make a complai

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Identity Theft
How is identity theft punishable under Indian Law?
By Mihir Dharap  |  07 Dec 2016  | Upvotes: 0  | 
Tushar Bhargava
Advocate

Under setion 66C of IT act, 2000, whoever, fraudulently or dishonestly make use of the electronic signature, password or any other unique identification feature of any other person, shall be punished with imprisonment of either description for a term

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Indian value added tax (VAT),Tax Evasion
How is VAT different from Sales Tax?
By Alankrita Singhal  |  07 Dec 2016  | Upvotes: 0  | 
Deepika Gill
Advocate

VAT will have only four rates instead of large number of rats of Sales Tax, with off setting of tax on inputs against that on output; VAT does away with tax on tax. Claiming input tax credit under VAT ensures proper invoicing. Overall, these features

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Limited Liability Partnership
Whether LLP can carry on activities related to financing, accepting deposits & other NBFC activities?
By Rishi Singh  |  06 Dec 2016  | Upvotes: 0  | 
Prateek Kumar
Advocate

Currently there is no regulation prohibiting LLP from carrying on activities related to NBFC but as a matter of precaution before initiating any such activitiy, it is advisable to contact Reserve Bank of India

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Private limited company
Is it legal to do dual job and dual pf contribution from two employer in India?
By Anonymous  |  06 Dec 2016  | Upvotes: 0  | 
Ravindra Purohit
Advocate

Unless any of the employer specifically prohibits you from undergoing any other job whilst in full time employment with them which they normally do, it is perfectly legal for you to work for two employers. Let both the employer's individually deduct

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Intellectual property
Why must you become a member of NIPO?
By Anonymous  |  05 Dec 2016  | Upvotes: 0  | 
Soumya
Advocate

NIPO provides a comprehensive single window reference system on IP both nationally and globally. In an economic space where companies markets know no boundaries, prudent IP management practices within corporations can provide a long term insurance ag

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Intellectual property
What rights does the Intellectual Property owner have?
By Esha Dhir  |  05 Dec 2016  | Upvotes: 0  | 
Ravindra Purohit
Advocate
The object of IP is to protect a work that has only an abstract existence and therefore cannot be perceived by the senses, unlike a building or a car. However, like material goods, intellectual creations may be subject to a property right
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Direct Tax
Will the cost of doing business go up as dealers will have to pay tax on their purchases?
By sakshi jaiswal  |  05 Dec 2016  | Upvotes: 0  | 
Ravindra Purohit
Advocate

No. If we assume that the average time required for settling amounts receivable and payable is the same as the time for remitting tax and processing any refund, no additional cost is imposed on trade or industry.

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Indian value added tax (VAT)
What are the tax rates under VAT?
By Anonymous  |  05 Dec 2016  | Upvotes: 0  | 
Ravindra Purohit
Advocate

There are just four rates under VAT- the zero rate (exempted goods), 1%, 4% and a general rate of 12.5%. These rates will be uniform in all States across the country. The same set of goods will be charged at the same rates in all the States. Most ess

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Direct Tax,Foreign Direct Investment
How can I get inherited money from India to USA? What tax liability?
By Saket Sharma  |  02 Dec 2016  | Upvotes: 0  | 
Deepika Gill
Advocate

India does not tax inheritances at the time when such inheritance is received. Tax is levied only on the income generated by the receiver from the inheritance. So in case of financial assets, any interest, dividend or capital gains arising on sale of

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Intellectual property
Why is NIPO needed?
By Esha Dhir  |  02 Dec 2016  | Upvotes: 0  | 
Prateek Kumar
Advocate

The absence of any umbrella non-governmental organization in the country, to cater to issues of creation, dissemination and safety of intellectual property requires a serious initiative in this vital subject of strategic potential. The need for a non

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Intellectual property
What are the organizations dealing with IPR's?
By Rishi Singh  |  02 Dec 2016  | Upvotes: 0  | 
Soumya
Advocate

The World Intellectual Property Organization (WIPO) of the UNbased in Geneva,is the apexintergovernmental body dealing with IPR's. Besides there are various international organizations implementing a number of global treaties in the realm of intellec

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Indian value added tax (VAT)
Who is to be covered by VAT?
By Sameer Kedia  |  02 Dec 2016  | Upvotes: 0  | 
Ravindra Purohit
Advocate

All business transactions carried on within a State by individuals, partnerships, Companies, etc. will be covered by VAT.

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Limited Liability Partnership,Partnership
Can an existing partnership firm be converted to LLP?
By Sushmita .  |  02 Dec 2016  | Upvotes: 0  | 
Tanushree Sharma
Advocate

Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of the LLP Act. Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP.

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Income Tax
Who will be responsible for signing the Income tax return ?
By Alankrita Singhal  |  02 Dec 2016  | Upvotes: 0  | 
Harshit Bhurani
Advocate

The designated partner shall be responsible for signing the income tax return of LLP, where for unavoidable reasons, such designated partner is not able to sign the same or where there is no designated partner, any partner can sign the return.

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Insurance Fraud
Car was stolen but insurance company denying to pay. What to do?
By Rishi Singh  |  01 Dec 2016  | Upvotes: 0  | 
Ravindra Purohit
Advocate

No, Insurance company is not liable to pay insurance claim, because when the Car was sold RC and insurance was not transferred in the second owner’s name. As it is mandatory to transfer it within 14 days as per section 157 of Motor Vehicles act, 19

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Insurance
Insurance company not releasing claim due to no claim bonus not received
By Anonymous  |  01 Dec 2016  | Upvotes: 0  | 
Tushar Bhargava
Advocate

You will have to send a legal notice to TATA AIG regarding your Claim and then depending in their response, prepare to file a case before the Consumer Court.

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Insurance
Accident happened. No insurance of the vehicle. Can we be penalized?
By Anonymous  |  01 Dec 2016  | Upvotes: 0  | 
Deepika Gill
Advocate

You have to contest the case . Remedy available is Legal Services Authorities which after examining the eligibility criteria of an applicant and the existence of a prima facie case in his favour provide her counsel at State expense, pay the required

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Laws of anti dumping in India
What are the parameters used to assess dumping of goods from a country?
By Rishi Singh  |  30 Nov 2016  | Upvotes: 0  | 
Prateek Kumar
Advocate

Dumping means export of goods by one country / territory to the market of another country / territory at a price lower than the normal value. If the export price is lower than the normal value, it constitutes dumping. Thus, there are two fundamental

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Landlord/tenant
Legal notice on renewal of tenant agreement?
By Anonymous  |  30 Nov 2016  | Upvotes: 0  | 
Ravindra Purohit
Advocate

You have not specified in your question as to what is the monthly rent of the premises and as to whether the Agreement under which it was taken was in writing and was registered and what was the duration of the tenancy. Further you have also not ment

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